Palantir Technologies stock was gaining on Friday on its plan to switch its listing to the Nasdaq stock exchange. Investors seem to be hoping the software company will gain from the stock getting added to the Nasdaq 100—and the funds being forced to buy its shares.

Palantir Technologies shares jumped Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the New York Stock Exchange.

Palantir stock has jumped 244% in 2024 amid buzz over artificial intelligence. On Nov. 26, PLTR stock will begin trading on the Nasdaq.

The change positions Palantir for entry into the Nasdaq 100 index, after it joined the S&P 500 several months back.

Palantir Technologies ( NYSE:PLTR) is making bold moves, and investors are eating it up. The stock jumped to a fresh high of $64 on Friday, riding the buzz around its upcoming switch to the Nasdaq Global Select Market on November 26.